You're too early I think to make that assertion. I don't think you can make that case yet. You might be right with respect to dumping heads to cover options however there's still massive incentive to sell down heads post option conversion for some large holding shareholders because there's a very sizeable arbitrage available to those underwriting the option shortfall....they're buying at 1.1c with heads trading today at 1.4-1.5c so there's a lazy 21-27% on the flip. I'm still expecting a dip to 1.2-1.3c over coming weeks (and positioned for it).
Banter and General Comments .. BRK, page-4990
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Last
1.4¢ |
Change
0.001(3.85%) |
Mkt cap ! $61.93M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.3¢ | $63.98K | 4.873M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 13203647 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 20801416 | 22 |
View Market Depth
| Last trade - 11.52am 15/05/2024 (20 minute delay) ? |
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Last
1.3¢ |
Change
0.001 ( 3.70 %) |
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| Open | High | Low | Volume | ||
| 1.4¢ | 1.4¢ | 1.3¢ | 466667 | ||
| Last updated 11.56am 15/05/2024 ? | |||||
| BRK (ASX) Chart |